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Alex Palmer
@thatalexpalmer.eth
Tokenisation platforms should be free. Some of them will be. 👀
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Lenny 🔵🛡️
@lenn
Genuine question: How will these platforms generate revenue?
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Alex Palmer
@thatalexpalmer.eth
They must be built on top of blockchains and be a feature, not a product in their own right. There is a way for them to generate revenue but it would be insignificant - if they serve as fund admins or transfer agents. (Both suck as businesses). Tokenisation tech tomorrow is what forms are today.
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Anaïs
@anais
Isn't what Stellar is to some extent?
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Alex Palmer
@thatalexpalmer.eth
Not aware of how they work with institutional asst issuers on tokenisation! What are the details do you know?
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Anaïs
@anais
Please have a look here https://developers.stellar.org/docs/issuing-assets/anatomy-of-an-asset#:~:text=Any%20Stellar%20account%20can%20issue,%2C%20local%20communities%2C%20and%20individuals.
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Alex Palmer
@thatalexpalmer.eth
Yeah that's not quite appropriate for asset issuers. https://github.com/stellar/stellar-protocol/blob/master/core/cap-0046-06.md
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Anaïs
@anais
Can you explain why it is the case - I am genuinely interested in understanding why you think it is the case.
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Alex Palmer
@thatalexpalmer.eth
I trust that you seek correct understanding based on what you post! I appreciate that. I'm sorry that this hasn't been updated with a chapter 2, but here's what makes me say that. TLDR: those are deposit contracts, with tokenized receipts. https://paragraph.xyz/@thatalexpalmer/rwa-tokenization-protocol-stack
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Anaïs
@anais
Thank you for sharing. I understand what you meant now. I do not agree 100% with your previous comment because I do believe that there are use cases for ERC-3643, ERC-1400, and a protocol like transfer agent protocol. Adoption is what matters in the end as well.
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Alex Palmer
@thatalexpalmer.eth
100% agree with your last point! This protocol is only required in the US capital market, and 3643 will be supported by it. Cap tables are needed as much as restricted token standards. I know tokeny’s team btw, they do great work.
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